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Monday, January 31, 2000 Good Grief, More Advice! It never rains, but it pours. After last week, with its deluge of new advice alliances, one would think that there could not possibly be any more on the horizon. Well, MetLife has chosen to ally with Standard & Poor's while KeyCorp has tapped Financial Engines. MetLife will be offering its participants online advice through S&P.
Ron Hurt, vice president of retirement services at MetLife, explained to the 401kWire.com his firm's motivations for selecting S&P:
In other advice news, Financial Engines has entered an alliance with KeyBank. Participants will have access to Financial Engines' full array of 401(k) and other advice services. The Ohio bank has $80 billion in plan assets and 325,000 participants under its umbrella. Financial Engines has also signed on some two new plan sponsor clients as well. These are Borders Group (BGP) and Fort James (FJ). Borders of Ann Arbor, Michigan has 5,600 participants and $83 million in assets, according to The Money Market Directory, 2000. Fort James of Deerfield, Illinois (a Fortune 500 company) has close to $1.5 billion in assets and over 20,000 participants, according to the directory. Printed from: MFWire.com/story.asp?s=25501 Copyright 2000, InvestmentWires, Inc. All Rights Reserved |